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2314 — Lee & Man Paper Manufacturing News Story

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Lee & Man Paper hits over 4-year peak on strong profit growth, higher dividend

BUZZ-Lee & Man Paper hits over 4-year peak on strong profit growth, higher dividend 

** Shares of Lee & Man Paper Manufacturing 2314.HK climb 4.7% to HK$4.2, their highest level since April 2022

** Packaging products maker says its profit attributable for six months ended in June jumped 69.3% y/y to HK$1.37 bln ($174.69 million) with revenue up 21.3% y/y to HK$14.8 bln

** Company declares interim dividend of HK$0.112 per share, as compared to HK$0.066 in year-ago period

** YTD, stock up 49.3%, benchmark Hang Seng Index .HSI up 1.4%






($1 = 7.8424 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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